J Sainsbury (LON:SBRY) Stock Price Passes Above 200 Day Moving Average of $264.69

J Sainsbury plc (LON:SBRY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 264.69 ($3.44) and traded as high as GBX 281.40 ($3.66). J Sainsbury shares last traded at GBX 279.80 ($3.64), with a volume of 2,497,339 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SBRY shares. JPMorgan Chase & Co. restated an “underweight” rating on shares of J Sainsbury in a research report on Friday, June 28th. Jefferies Financial Group restated a “buy” rating and issued a GBX 300 ($3.90) price target on shares of J Sainsbury in a report on Tuesday, July 2nd. Finally, Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a report on Tuesday, July 2nd.

J Sainsbury Trading Up 1.6 %

The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66. The firm has a market capitalization of £6.70 billion, a price-to-earnings ratio of 4,793.33, a P/E/G ratio of 0.39 and a beta of 0.68. The business has a fifty day moving average price of GBX 267.66 and a 200 day moving average price of GBX 264.92.

J Sainsbury Company Profile

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.